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YieldMax XYZ Option Income Strategy ETF (XYZY) Diversifiers

ETF · Currency in USD · Last updated Jul 14, 2026

The YieldMax™ XYZ Option Income Strategy ETF (XYZY) seeks to generate monthly income by selling call options on XYZ, aiming to harvest yields while limiting participation in the stock's price gains. Its primary objective is current income, with a secondary objective of exposure to XYZ's share price subject to capped gains.

Looking to diversify beyond XYZY? The ETFs below have the lowest correlation with XYZY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from XYZY.

Best Diversifiers for XYZY

23 ETFs have low correlation with XYZY (below 0.3), 4 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
WNTR
YieldMax Short MSTR Option Income Strategy ETF-0.39——
70
Derivative IncomeXYZY vs WNTR
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.180.040.04
89
Energy Equities, Derivative IncomeXYZY vs ENCL.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF-0.17——
63
Energy Equities, Derivative IncomeXYZY vs EMAX.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF-0.090.130.13
76
Derivative Income, Utilities EquitiesXYZY vs UMAX.TO
BUCK
Simplify Treasury Option Income ETF0.050.100.10
95
Government Bonds, Ultrashort Bond, Derivative IncomeXYZY vs BUCK
See all 42 diversifiers for XYZY

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XYZY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XYZY and solid risk/return profiles. The least correlated is Orchid Island Capital, Inc. (ORC) (Real Estate) with a 1Y correlation of 0.28, roughly unchanged from 0.38 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ORC
Orchid Island Capital, Inc.0.280.380.38
63
Real Estate
XYZ
Block, Inc0.97——
59
Technology

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Diversification Analysis

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